Sun, February 16, 2025
Sat, February 15, 2025
Fri, February 14, 2025
Thu, February 13, 2025
Wed, February 12, 2025
Tue, February 11, 2025
[ Tue, Feb 11th ]: Forbes
LLC Tax Changes In 2025
Mon, February 10, 2025
Sun, February 9, 2025

BNP Paribas and BPCE join forces in payment processing

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. -and-bpce-join-forces-in-payment-processing.html
  Print publication without navigation Published in Business and Finance on by Reuters
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  BNP Paribas PA and BPCE said on Thursday they have finalized an agreement to create Estreem, a new French leader in payment processing, with the ambition to become one of the top three European players in the sector.

- Click to Lock Slider
BNP Paribas and Groupe BPCE have announced a strategic partnership to enhance payment processing in France, aiming to create a new entity that will manage card payments and compete with established players like Worldline. This collaboration will see BNP Paribas' card processing unit, Payplug, and BPCE's payment processing arm, Paynovate, merge into a single, independent company. The new entity will process transactions for both banks' clients, including those of BNP Paribas' commercial banking arm, Banque Commerciale Internationale (BCI). The partnership is set to be operational by the end of 2024, with the goal of improving efficiency, reducing costs, and enhancing service offerings in the payment sector. This move is part of a broader trend in the banking industry to consolidate payment services to better compete with fintech companies and international payment giants.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/bnp-paribas-bpce-join-forces-payment-processing-2025-02-13/ ]